Romanian office leasing surges, with IT firms leading demand and driving economic growth.

Cushman & Wakefield Echinox reports that over 1 million square meters of new office space have been leased in Romania over the past five years, with IT, manufacturing, and healthcare sectors driving demand. IT companies alone accounted for over 40% of the new office space, contributing significantly to Romania's GDP. Average vacancy rates in Bucharest dropped to 14.2%, and prime rents increased by up to 13% in regional cities. Additionally, CPI Romania extended leases with Deloitte Romania and WPP in The Mark, achieving a 99.7% occupancy rate.